Knowledge is Power (and Money, If You Want it to Be)

There’s a strong relationship between knowledge and the ability to get money. This is true no matter what your field is. There are people on the inside and the outside, and the people on the outside have no idea how it’s done.

In the old days, there were firm boundaries between the haves and the have-nots of financial knowledge. Financial learning was bound up in university systems and elite clubs which doled out opportunity and return. But things aren’t so cut and dried today.

Sure, we’ve all heard about the 1%, the folks that have more money than anybody else and spend most of their time trying to get more. The elite classes have always been this way, a handful of people commanding more wealth and power than almost anybody else. It’s unlikely that you will be able to pull yourself up by your bootstraps to get to this level. Almost nobody does that. But there’s still a lot of wealth to be had in the 99%, and it’s totally sensible to expect to get some of it for yourself.

The knowledge needed to get a regular kind of wealth isn’t actually that hard to attain. Let’s say you want to become a millionaire. There are plenty of resources online which will explain how you can do that within your lifetime, using average income. Of course, most of these methods require you to do quite a bit of waiting and saving before you get to that level. However, there are some ways to make it work a lot faster. But this takes a different kind of learning.

In order to get rich quick, you’ve either got to be very lucky or very knowledgeable. Most of the time, get rich quick schemes are exactly that: schemes. But there are plenty of ways that real people have achieved it over the years. One of the chief methods is day trading, in which people make big dividends in minutes or hours. It used to be that you had to live near or travel to an international trading hub to make the most of day trading. But today, most of these resources are available online.

Broker CMC Markets provides a ton of educational opportunities in addition to the day trading varieties they provide (FX, CFD, etc.). This way, new users will be able to acquire a whole lot of knowledge before they ever risk any real money. What’s more, CMC also makes free trial “play” modes available in all investment forms. You’ll be able to try your hand at all of the investing you can handle, just without the financial risk. In time you’ll have both knowledge and experience and you’ll be ready to tackle real gains in a short amount of time.

Once you have the knowledge, experience is easy to acquire. From there, real wealth is not far behind. Growing wealthy isn’t incredibly difficult. The methods are out there and fairly well known. It’s just a matter of understanding them and putting them into practice.

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Disclaimer

Disclaimer: Fin Engr, James, Renee, the rest of the team and guest posters are not financial professionals. Information provided is for informational and entertainment purposes only and does not constitute financial advice. This website is intended to provide general information and does not attempt to give you advice that relates to your specific situation.
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